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Key Takeaways

• The economy created more jobs than anticipated in April, sending U.S. equities higher at midday.

• Shares of Warren Buffett's Berkshire Hathaway traded at a record high ahead of the company's annual meeting tomorrow.

• Apple said Trump administration tariffs could cost the iPhone maker $900 million in the quarter.

U.S. equities took off at midday after the Labor Department reported job creation in April that was higher than expected. The Dow Jones Industrial Average, S&P 500, and Nasdaq all rose more than 1%.

Dexcom (DXCM) was the best-performing stock in the S&P 500 when the maker of glucose monitoring devices for patients with diabetes beat sales estimates on higher demand, and announced a $750 million stock buyback program.

Shares of Berkshire Hathaway (BRK.A) traded at an all-time high ahead of Warren Buffett's annual meeting in Omaha tomorrow.

Nvidia (NVDA) shares gained on a report the artificial intelligence (AI) chipmaker is working to design semiconductors to sell in China that would comply with U.S. trade restrictions.

Apple (AAPL) shares declined after CEO Tim Cook said Trump administration tariffs could cost the iPhone maker $900 million this quarter.

Shares of Block (XYZ) nosedived when the payments technology provider reported worse-than-expected profit, sales, and guidance as it warned it was being more cautious because of macroeconomic uncertainty.

Hologic (HOLX) shares tumbled after the medical diagnostic device maker cut its outlook, citing tariffs and geopolitical concerns.

Oil futures slid. Gold prices rose. The yield on the 10-year Treasury note was higher. The U.S. dollar lost ground to the euro, pound, and yen. Most major cryptocurrencies traded higher. 

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